Workday Q1 Loss Widens; Lifts FY15 Revenue Outlook - Quick Facts

(RTTNews) - Workday, Inc. (WDAY) Tuesday said first-quarter net loss widened to $59.4 million or $0.32 per share from $33.0 million or $0.20 per share in the same period last year.

Adjusted loss for the latest first quarter was $23.9 million $0.13 per share, narrower than $24.9 million or $0.15 per share in the prior year quarter. On average, 27 analysts polled by Thomson Reuters expected the company to report a loss of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 74 percent to $159.74 million from $91.65 million last year, while 25 analysts expected revenues of $152.43 million.

Looking ahead to the second quarter, the company has forecast revenues in the range of $173 to $178 million. Analysts currently expect second-quarter revenues of $171.51 million.

For fiscal 2015, the company now expects revenues to be in the range of $730 to $750 million, up from its prior range of $710 million to $740 million. Analysts currently expect fiscal 2015 revenues of $735.36 million.